Archive - May 10, 2014

While the following YouTube clip is - in the eyes of the West - irrefutable proof of potential vote-rigging ahead of tomorrow's referendum, we find it somewhat intriguing that a group of heavily-armed "rebels", carrying boxes with 100,000 pre-marked 'positive' referendum ballots would be detained by Ukraine's anti-terrorist operations without firing one shot... still men laying down with bags on their head proves it... right?

The following outlines a solid statistical analysis of every aspect of the gold market, a thoroughly researched and well-presented account of the history of the modern monetary system and a highly original perspective of the growing bubble in debt and credit claims we have experienced since adopting today's system of credit-based money.

Despite denouncements from the West (how did that work out in Crimea?) and diplomatic calls for postponement from Putin, tomorrow appears to be setting up for the next crucial catalyst in the ever-escalating civil (and not so civil) war in Ukraine. As RIA reports, Referendum organizers printed about 1.7 million ballots and on the day of voting in the region there will be more than 1,600 polling stations. The referendum will ask voters to answer the simple question: "Do you support the act of state independence of the People's Republic of Luhansk." and will take place from 8am to 8pm local time. Organizers claim that "the willingness to vote is almost total," which makes the decision of the People's Mayor that "after the referendum... gradually, we will move to the Russian ruble," even more economically significant for the IMF-supported nation.

How much is the future of Global Finance really worth? I fear we're soon about to find out!

"Government officials, reacting to the growing voice of conservative news outlets, especially on the internet, are angling to curtail the media’s exemption from federal election laws governing political organizations, a potentially chilling intervention that the chairman of the Federal Election Commission is vowing to fight." While the claims made by Federal Elections Committee (FEC) Chairman Lee E. Goodman are extraordinarily frightening, sometimes people with strong partisan leanings can exaggerate threats and so we have to be careful but- crucially - media, in particular the internet, must be kept free and open. The internet is what allows an individual like us, armed with only a computer and an internet connection, to reach thousands of people per day on a shoestring budget. This is a revolution in humankind and must be preserved at all costs.

Here is the technical reasons why the euro, sterling and Swiss franc retreat is a likely a correction rather than a change of the underlying trend.  US 10-year yields near lows and a recovery could lift the greenback vs JPY.